AdministratorWhich is the function of Small Farmers Agribusiness Consortium SFAC?
The main functions of SFAC are: Helping formation and growth of Farmer Producer Organizations (FPOs) / Farmer Producer Companies (FPCs). Improving availability of working capital and development of business activities of FPOs/FPCs through Equity Grant and Credit Guarantee Fund Scheme.
What is SFAC scheme?
Equity Grant Scheme Equity Grant Scheme extends support to the equity base of Farmer Producer Companies (FPCs) by providing matching equity grants subject to maximum of Rs. 15.00 lakh per FPC in two tranche with in a period of 3 Year and to address nascent and emerging FPCs which have paid up capital not exceeding Rs.
What is the full form of SFAC?
Small Farmers Agribusiness Consortium (SFAC) is an Autonomous Society promoted by Ministry of Agriculture, Cooperation and Farmers’ Welfare, Government of India. It was registered under Societies Registration Act XXI of 1860 on 18th January, 1994.
What is SFAC upsc?
Small Farmers Agribusiness Consortium (SFAC) is an Autonomous Society promoted by the Ministry of Agriculture, Cooperation and Farmers’ Welfare, Government of India. It was registered under the Societies Registration Act XXI in 1994.
Why is SFAC important?
SFAC has pioneered the formation and growth of Farmer Producer Organizations/Farmer Producer Companies, which is now being implemented across the length and breadth of the country. SFAC is progressing towards establishing an eco system for FPOs/FPCs to make them sustainable and viable in the long run.
How do I register with SFAC?
The promoters directly or with the support of any SFAC’s empanelled consultant may submit VCA application form through the as given below Eligible lending institution to SFAC along with the documents as per checklist immediately after the bank/Financial institution has sanctioned the Term Loan.
How do I start a farmer producer business?
On registration, the Producer Company shall be deemed to be a private company limited by shares without any limit on the number of members. > For incorporating a Producer Company, minimum 5 Directors and 10 members are required. > The minimum paid up capital of the company should be 10,000 rupees. >
How do I start a farmer producer organization?
Eligibility criteria of FPO
- The FPO should be a legal entity as mentioned above.
- FPO has raised equity from its Members as laid down in its Articles of Association/ Bye-laws.
- Minimum 50% of the FPO’s shareholders are small, marginal, and landless tenant farmers and Women farmers’ as shareholders are to be preferred.
Who is the chairman of SFAC?
Our Team
| S.No. | Name of Officer | Designation |
|---|---|---|
| 1 | Dr. Vijaya Lakshmi Nadendla, IAS | Managing Director |
| 2 | Shri Bhramar Jyoti Brahma | Director |
| 3 | Dr. Sumathi S. | Dy. Dir.(Admn.) |
| 4 | Shri Rajesh Bhatnagar | Manager (Finance) |
How do I join a FPO?
FPOs
- How do I register? FPOs/FPCs can register on e-NAM Portal via website (www.enam.gov.in) or mobile app or providing following details at nearest e-NAM mandi:
- What is an FPO?
- What is the Role of FPOs?
- What are the benefits for FPOs/FPCs?
- How many FPOs are registered?
- How will I get the payment?